Historic Rice Hotel has a new owner

The former Rice Hotel at 909 Texas (Marie D. De Jesús/Houston Chronicle)

Downtown’s former Rice Hotel, which was converted into high-end apartments in the late 1990s, and recently put on the market for the first time in more than 15 years, has been sold.

Residents received notices Friday that the property had a new owner, CH Realty/MF Houston Rice VI. A similar name is registered with Crow Holdings Capital Partners in Dallas with the state’s comptroller’s office.

Crow Holdings owns and manages the capital of the Trammell Crow family. The late Trammell Crow was a Dallas businessman who became one of the country’s top real estate developers.

The company’s real estate group manages a series of private equity real estate funds. As of September 30, the funds have acquired or developed more than $11 billion in industrial, office and retail space, as well as apartments and other properties, according to the company’s website.

A separate note to residents stated Greystar Real Estate Partners is now the property manager. The letter said the property would “not be affected in any way,” and and lease terms would “remain in force.”

Neither Greystar nor Crow Holdings could be reached late Friday.

Atlanta-based Post Properties was the seller of the 308-unit building. ARA Houston had the listing.